The Village Council shall annually review and, as deemed necessary by the Council, update the Identity Theft Prevention Program along with any relevant red flags in order to reflect changes in risks to customers or to the safety and soundness of the Village and its covered accounts from identity theft. In so doing, the Village Council shall consider the following factors and exercise its discretion in amending the program:
(a) The Village's experiences with identity theft;
(b) Updates in methods of identity theft;
(c) Updates in customary methods used to detect, prevent, and mitigate identity theft;
(d) Updates in the types of accounts that the Village offers or maintains; and
(e) Updates in service provider arrangements.
(Ord. 2008-25. Passed 5-18-09.)